Wednesday, April 15, 2009

CAD/USD- Scratch.

Few solid setups of late...happy with the way I managed myself on this one. Followed all normal procedure but momentum didn't follow through.

Fantastic higher timeframe resistance with various upper channel trendlines being hit along with an equal move on the daily...intraday pattern on the steep side hence the rounding at highs prior to any significant sell off.

Incidentally, did pull the trigger on monday with a GBP/USD momoreversal but, alas, IB had some problems with accessing GLOBEX at the precise moment I needed to short. Cost- 30pips.

Nevertheless, happier with the stats so far this month...just would like to see more opportunity!

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